Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The textile company Facontrofa announced its closure in Vila Nova de Famalicão due to financial difficulties. Although the company received the financial support from IAPMEI (Institute for the Support to Small and Medium Enterprises and Innovation) which injected two million euro to pay off debts, Facontrofa declared bankruptcy in May 2010. This decision forced the closure and the dismissal of 300 workers. Most of them worked in the factory, located in Vila Nova de Famalição, and the remaining were employed in 25 different shops. The bankruptcy was blamed on decreasing demands and the difficulty to find financial partners to continue the business.
Eurofound (2010), Fancotrofa, Closure in Portugal, factsheet number 70796, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70796.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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